{"id":5776,"date":"2024-01-05T18:00:59","date_gmt":"2024-01-05T12:30:59","guid":{"rendered":"https:\/\/bigbreakingwire.in\/indias-gdp-growth-forecasts-for-2023-24\/"},"modified":"2024-01-19T15:12:08","modified_gmt":"2024-01-19T09:42:08","slug":"indias-gdp-growth-forecasts-for-2023-24","status":"publish","type":"post","link":"https:\/\/bigbreakingwire.in\/indias-gdp-growth-forecasts-for-2023-24\/","title":{"rendered":"India’s GDP Growth Forecasts for 2023-24"},"content":{"rendered":"
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\"India's
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The initial growth estimate provided by the statistics ministry for the current year surpasses the Reserve Bank of India’s prediction of 7.0 percent.<\/p>\n\n\n\n

\u2022 The Ministry of Statistics and Programme Implementation has projected a 7.3% GDP growth for India in 2023-24, slightly up from the previous year’s 7.2%.<\/p>\n\n\n\n

\u2022 This estimate is higher than the 7.0% growth predicted by the Reserve Bank of India.<\/p>\n\n\n\n

\u2022 While the Finance Ministry expects the GDP to outperform its initial 6.5% forecast for 2023-24, they haven’t given an updated figure.
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\u2022 The first GDP estimate for this fiscal year comes before the interim Budget presentation for 2024-25 on February 1.<\/p>\n\n\n\n

\u2022 The Finance Ministry will base its budgetary decisions on this GDP estimate, potentially using an 11.0% nominal GDP growth rate for 2024-25.<\/p>\n\n\n\n

\u2022 Earlier, the Finance Ministry had assumed a 10.5% nominal GDP growth for 2023-24, but the new statistics indicate it might be around 8.9%.<\/p>\n","protected":false},"excerpt":{"rendered":"

The initial growth estimate provided by the statistics ministry for the current year surpasses the Reserve Bank of India’s prediction of 7.0 percent. \u2022 The…<\/p>\n","protected":false},"author":1,"featured_media":5775,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[31,29,616,39],"tags":[508,69,477],"class_list":["post-5776","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-finance","category-stock-in-news","category-world","tag-gdp-growth","tag-india","tag-indian-economy","entry","rows"],"jetpack_publicize_connections":[],"modified_by":"bigbreakingwire","jetpack_featured_media_url":"https:\/\/bigbreakingwire.in\/wp-content\/uploads\/2024\/01\/3421690_508479-PIHX4Q-410.jpg","jetpack_shortlink":"https:\/\/wp.me\/pfgCxS-1va","jetpack_sharing_enabled":true,"jetpack_likes_enabled":false,"_links":{"self":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/posts\/5776","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/comments?post=5776"}],"version-history":[{"count":0,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/posts\/5776\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/media\/5775"}],"wp:attachment":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/media?parent=5776"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/categories?post=5776"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/tags?post=5776"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}